MORGAN STANLEY

Pandora Media files for IPO of up to $100 million

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Internet radio company Pandora Media Inc filed to raise up to $100 million in an initial public offering of common stock, becoming the latest technology company to test the public markets. Pandora, which runs an online service that allows users to stream free music based on feedback from the listener, has 80 million registered users.

Hedge fund Elliott rejects DuPont's Danisco bid

A DuPont logo is pictured on the EMEA (Europe, Middle East & Africa) and Du Pont de Nemours International SA building in Grand-Saconnex
Elliott Associates, the $17 billion U.S. hedge fund, added its voice to demands that chemicals giant DuPont raise its $5.8 billion bid for Danisco, the Danish maker of food ingredients and enzymes.
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Nomura posts jump in profit but costs weigh

Nomura Holdings <8604.T>, Japan's top brokerage, reported its biggest profit in three quarters after gains in Tokyo stocks gave a boost to revenues, but higher costs to expand overseas limited earnings growth.

Inflation dulls India star, unnerves foreign investors

Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.
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LinkedIn's IPO to test appetite for Facebook

LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
Raj Rajaratnam, the principal in the $21 million Galleon Group hedge-fund insider trading case, leaves at Manhattan Federal Court for a bail hearing on conspiracy and securities fraud charges in New York

Two ex-Galleon men plead guilty; Rajaratnam named

Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial
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Banker bonuses spur discontent as pay gap grows

Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else.
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Morgan Stanley banker drawn into Galleon investigation: report

A Morgan Stanley banker named Kamal Ahmed is under investigation by U.S. authorities for leaking information regarding an upcoming takeover that ultimately was passed on to Galleon Group founder Raj Rajaratnam, the Wall Street Journal said, citing people close to the situation.
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Are executive pay hey-days back?

As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.
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Citi CEO Pandit's salary soars to $1.75 mln from $1

Citigroup Inc (C.N) Chief Executive Vikram Pandit got a $1,749,999 raise on Friday.Pandit pledged in 2009 to receive an annual salary of $1 until the struggling Citigroup returned to sustained profitability.
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Morgan Stanley Q4 profit jumps on strong brokerage

Morgan Stanley's global wealth management division added $14 billion in net new client assets during the fourth quarter, bringing the division back on track to meet ambitious growth targets set by Chief Executive James Gorman.
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Morgan Stanley commods risk down on quarter, up on year

Morgan Stanley's commodities risk fell in the fourth quarter as it faced trading woes similar to the rest of Wall Street, but the No. 2 U.S. investment bank still pipped top rival Goldman Sachs with a higher risk year-on-year.
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Morgan Stanley fourth-quarter profit jumps

Morgan Stanley said fourth-quarter shareholder profit surged 60 percent as rising fees from wealth management offset the weak fixed-income trading results that have marred its competitors earnings.
US Traders

US futures pare losses after jobs data

Futures on major U.S. indices pared earlier losses and point to modestly lower opening on Thursday after the Department of Labor reported that weekly jobless claims fell sharply last week.

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